Delegated Proof of Stake (DPOS) White Paper

[xeroc]

Wow.. nice thread .. thx for letting us know

[CLains]

The bitcointalk DPOS thread is quite active, Clout defending against AnonyMint:

https://bitcointalk.org/index.php?topic=558316.msg6501774#msg6501774

[bytemaster]

Is that 10% fee definite or can it float?

Is that what you meant by: "increasing user dividends"? Meaning a delegate could say I'll just take 8% commission and thus leave 92% to the shareholders.

Yes

[cob]

Is that 10% fee definite or can it float?

Is that what you meant by: "increasing user dividends"? Meaning a delegate could say I'll just take 8% commission and thus leave 92% to the shareholders.

[Mrrr]

I don't know whether this has been discussed before (if it is, do excuse me) but:

What is the incentive of the user to vote in the first place?

I'm talking about a direct incentive here.

Reason I'm asking is because of this:

Heavycoin had/has its 'revolutionary' block reward voting. I personally couldn't be arsed to change the presets of the miner I downloaded off the pool website.

Users don't have to think about it... their client will automatically vote against anyone who is not performing and otherwise vote for the default clients.  Through observation it all clients will learn who to vote for.   

Users don't have to think about who to vote for, it is all automatic unless they want to override the automatic settings.   Those wishing to become delegate must market and campaign for people to override the defaults.   This means they must provide motivation for people to take action such as:

1) increasing user dividends
2) offering other services as a side benefit

That's very smart. Thanks for the explanation.

[smiley35]

I don't know whether this has been discussed before (if it is, do excuse me) but:

What is the incentive of the user to vote in the first place?

I'm talking about a direct incentive here.

Reason I'm asking is because of this:

Heavycoin had/has its 'revolutionary' block reward voting. I personally couldn't be arsed to change the presets of the miner I downloaded off the pool website.

Users don't have to think about it... their client will automatically vote against anyone who is not performing and otherwise vote for the default clients.  Through observation it all clients will learn who to vote for.   

Users don't have to think about who to vote for, it is all automatic unless they want to override the automatic settings.   Those wishing to become delegate must market and campaign for people to override the defaults.   This means they must provide motivation for people to take action such as:

1) increasing user dividends
2) offering other services as a side benefit

Could you elaborate on that bytemaster. Increase the user dividend by changing the block you mean?

What other services for example?

[bytemaster]

I don't know whether this has been discussed before (if it is, do excuse me) but:

What is the incentive of the user to vote in the first place?

I'm talking about a direct incentive here.

Reason I'm asking is because of this:

Heavycoin had/has its 'revolutionary' block reward voting. I personally couldn't be arsed to change the presets of the miner I downloaded off the pool website.

Users don't have to think about it... their client will automatically vote against anyone who is not performing and otherwise vote for the default clients.  Through observation it all clients will learn who to vote for.   

Users don't have to think about who to vote for, it is all automatic unless they want to override the automatic settings.   Those wishing to become delegate must market and campaign for people to override the defaults.   This means they must provide motivation for people to take action such as:

1) increasing user dividends
2) offering other services as a side benefit

[Mrrr]

I don't know whether this has been discussed before (if it is, do excuse me) but:

What is the incentive of the user to vote in the first place?

I'm talking about a direct incentive here.

Reason I'm asking is because of this:

Heavycoin had/has its 'revolutionary' block reward voting. I personally couldn't be arsed to change the presets of the miner I downloaded off the pool website.

[clout]

https://bitsharestalk.org/index.php?topic=3812.0

We should have P2P fully integrated and tested this week under the trustee model.   At this point we will launch the chain with an intention of doing a hard-fork to activate DPOS once enough delegates have been elected and the system is sound.

[bitbro]

Shouldn't we launch both trustee and dpos?


Sent from my iPhone using Tapatalk

[bytemaster]

so if there were not this overarching sentiment in the crypto space around decentraliztion the trustee model would win out?

Certainly.   It would solve 99% of problems, increase profits, and reduce overhead. 

As long as there was a social consensus on the chain of command then the network could go on very smoothly.   

Being decentralized has some big marketing advantages and increased robustness against a single server / key being lost or compromised.  So the risks are lower for users which increases value.   It also reduces regulatory risk.

[clout]

so if there were not this overarching sentiment in the crypto space around decentraliztion the trustee model would win out?

[bytemaster]

Trustee could be faster.


Sent from my iPhone using Tapatalk

[clout]

Yes it does.  30 sec or better. 


Sent from my iPhone using Tapatalk

so 10 - 30 secs with dpos, and how many with trustee

[bytemaster]

Yes it does.  30 sec or better. 


Sent from my iPhone using Tapatalk